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Japan Plans Stimulus Package

By

Takashi Nakamichi

Oct. 25, 2012 12:26 a.m. ET

TOKYO--The Japanese government plans to approve an economic package worth more than ¥400 billion ($5.01 billion) Friday as it seeks to prop up a rapidly weakening economic recovery, a government official said Thursday.

The first extra stimulus package in the current Japanese fiscal year ending in March will tap into existing rainy-day funds in the central government's budget and require no issuance of fresh public debt, the official...